Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Rating of “Hold” from Brokerages

Mettler-Toledo International Inc. (NYSE:MTD) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1,256.25.

A number of analysts have commented on MTD shares. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Citigroup raised their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. Finally, Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th.

Mettler-Toledo International Trading Up 0.4 %

MTD stock opened at $1,443.83 on Tuesday. The company has a market cap of $30.84 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.86 and a beta of 1.20. Mettler-Toledo International has a 12 month low of $928.49 and a 12 month high of $1,535.86. The firm has a 50-day moving average of $1,350.51 and a two-hundred day moving average of $1,259.94.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. The company had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. Mettler-Toledo International’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.69 EPS. As a group, equities analysts forecast that Mettler-Toledo International will post 40.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christian Magloth sold 1,100 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the transaction, the director now owns 244 shares of the company’s stock, valued at approximately $363,603.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,278 shares of company stock valued at $4,871,849. Company insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in Mettler-Toledo International in the 1st quarter valued at approximately $25,000. MV Capital Management Inc. boosted its position in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the period. CVA Family Office LLC purchased a new position in Mettler-Toledo International in the 4th quarter valued at approximately $27,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International in the 4th quarter valued at approximately $27,000. Finally, Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.